WIPRO - Buy at support - Sell at resistanceChart is self explanatory.
Don't invest or trade blindly.
Niftyindia
Nifty50 - support and resistance zonesNifty on Daily as per technicals is in a zone with immediate support at 18250 and resistance at 18450
Major 20DMA resistance at 18420
Long above : 18450 as today being last trading day of 2022 it may consolidate in this region unless US futures show some positive indication post 2pm IST
NIFTY50We are looking for wave C. So we are waiting for a correct price action pattern to appear on the chart
NIFTY : Expiry levelNIFTY : bounce perfectly as mentioned last time, 23rd Dec : we would require engulf candle Monday to sustain and Today we have Bullish engulf candle on chart. :)
26th Dec: What Next: after creating Engulf still some level is pending for Nifty to back to his bull zone. Zone is marked in charts. lets wait & watch.
27th Dec: Nifty it trying to catch our Bull zone levels marked in chart.....Lets see tomorrow what will happened after it touch our Bull zone level. Thursday we would have more idea on Nifty . Keep watch.
28th Dec: As mentioned yesterday, Nifty touch our Bull zone and reverse exactly from there. its not easy for Nifty to break price action levels. Tomorrow If Bulls able to gap up and sustain we can see continue up move. If unable to sustain, Nifty can back again in our support zone (Box). Trade as per morning candle.
It will motivate me to post more analysis if you can Like, Share, Comment.
Disclaimer
I am not SEBI registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
NIFTY INDEX LEVELS FOR 28.12.2022Here are major levels of NSE:NIFTY index for 28.12.2022. If price break and sustained above 18151 it may test 18213. If price break and sustained below 18062 then we can see down level of 17952.
Note: This is my personal analysis, only for learning. Thanks
Market Outlook for reminder of weekMarket Outlook:
Sharp bounce back by Nifty on Monday but there are important hurdles to ross before Bulls again take control of the market. Any news again related to COVID outbreak in India or any new restrictions along with increase in number of cases can again lead to a sharp fall. However, indicators on Monday are in favor of Nifty going up or staying sideways. Important resistance to cross before bulls take over are 18101 and 18168.
Major Support Levels: 17849, 17782, 17621 and finally 17428.
Major Resistance Levels: 18101, 18168, 18324 and finally 18446.
Nifty Analysis For 27th Dec,2022All my views point towards the 18200 level. The market might have started the bull run again after last week's fall or today's move might just be a correction. Either way, the price should touch the 18200 level. Kindly follow SL too.
NIFTY : perfect review NIFTY : bounce perfectly as mentioned last time, we would require engulf candle Monday to sustain and Today we have Bullish engulf candle on chart. :)
What Next: after creating Engulf still some level is pending for Nifty to back to his bull zone. Zone is marked in charts. lets wait & watch.
It will motivate me to pose more analysis if you can Like, Share, Comment.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Nifty Hourly Trade Plan for 22 Dec 2022Nifty Hourly Trade Plan for 22 Dec 2022
Hourly Trend - Down
Scenario 1 : Gap up
Action - Wait for Upper resistance levels to Short for the target of lower end of the channel
Scenario 2 : Gap Down
Action - Wait for lower support levels to buy for the target of mid range of the downward channel and Short again for the lower end of the channel
Nifty 50 for 22 December 2022#nifty50
1. Daily Chart
Opens with a slight gap
Did not sustain
Closed near day's low
Formed Bear Candle
Expectation for tomorrow
Gap down or flat opening
Sell on rise
Resistance @ 18400-18420
2. Hourly Chart
LL, LH structure.
Immediate resistance 18260 - 18300.
Sell on Rise
If we see a pull in the initial hour, watch for a sell signal near resistance.
There is a possibility that we might not see a pullback tomorrow,
Be careful bulls !!The index is moving in LL pattern and the bounce could be a retracement of current bounce so be careful bulls and we can see a good correction in any moment of time till we are trading below 18700.
My views in Nifty 50 Monday 19-Dec-2022Disclosure : I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this channel suggestions. Consult your financial advisor before taking any decisions. Tweets neither advice nor endorsement.
NIFTY and it's nearby Supports. Markets Plummeted after US Federal Reserves increased interest rates by 50 bps and further announced more tightening till inflation falls to 2% in US. More than 50 bps hike it was this Hawkish posture that led to meltdown in global indices.
Although India looks like one of the brightest glowing stars globally both on Micro and Macro levels, we cannot totally alienate ourselves from global impact.
There are multiple supports for Nifty in the nearby zone. We hope that Nifty will take support there. If not, we will see further bloodbath. Silver line to the cloud is that there are chances of Nifty finding support in the coming week.
Important Supports : 18253, 18207 and 18128. (Consider 18128 major support closing below which Bears take total control).
Important Resistances : 18363, 18389, 18446 and finally 18507. (Closing above 18507 Bulls will be back in action).
Looking like and breakdown and re-test Today the index broke a crucial support also this was the break of 1st swing low on hourly TF. expecting further down move in index. SL 18450.
My views in Nifty 50 Monday 14-12-2022Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.Tweets neither advice nor endorsement.
Trade Setup for 14t DecHey friends,
here with i have shared my analysis for 14th sep and logic of todays trade.
BANKNIFTY 1:15 RR 400+ Points tradeHello everyone. We just recently closed this beautiful trade on BANKNIFTY. Keeping the daily Bias as bullish, we caught the trade on M5 and executed on M1 timeframe. Please pay attention to the annotations made on the chart.
THE MAPPINGS WERE MADE ON THE 5 MINUTE TIMEFRAME. SINCE TRADING VIEW DOES NOT ALLOW LOWER TIME FRAME RESOLUTIONS TO BE UPLOADED ON PUBLIC IDEAS.
Happy Trading
Team Lamda
Nifty making lower lows and lower highs After breaking the level 18000 nifty gave a staright uptrend of almost +700pts in 9-10days and made a all time High 18890( round figure) since then it started making a lower low and lower highs structure that shows a correction in nifty
After market opens nifty doesn't give much chances to option buyers / intraday traders or specific bull's to get a good trade it either gets sideways or falls
Nifty Levels & Strategy for 08/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Nifty: FIIs are super bearish from last 2 days. They are net seller in Dec. Today, market didn't like the RBI policy (specially commentary). Tomorrow's market move will be mainly based on Gujarat election outcome. My strategy will sell on rise with strict SL for tomorrow if I get good trade setup and decent Risk:Reward.
Important events to keep in mind for coming days:
1.Gujrat results on Dec-08.
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 07/DEC/2022
NIFTY IS DOWN BY -82 POINTS
Name Price Previous Day Change % Change
Nifty 18561 18643 -82.25 -0.44%
India VIX 14.08 14.04 0.04 0.25%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 18800 (Open Interest: 11733750, CE LTP: 6)
Max OI (Puts) 18500 (Open Interest: 6500400, PE LTP: 23.4)
PCR 0.55 (PCR is in oversold zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
NIFTY 50 for tomorrow - 7 December 2022Nifty opens Gap down at 18600 vs the previous close at 18701.
Since nifty opened at support around 18600-18550, we saw some recovery from there and it closed near the day's high at 18642.
Now what's for tomorrow:-
Above 18550 - the next resistance is at 18700-18720
Immediate support @ 18550-18600
Sustaining above these levels, the index can move towards 18700-18720, above these levels, the index is likely to trend better.
Below 18550 - next support is at 18160
Trending above 18720
Trending below 18500
Will Nifty rally continues? Inverse Head and shoulders found.Don't forget to check out the chart analysis posted a few hours ago. Here I'm assuming with 15 minute time frame, that would give more clarification for a short-term upside potential or a retest possibilities to the all-time high area. As you can see from the chart, Nifty has formed an inverse head and shoulders pattern today. If Nifty can break the neck level or a gap-up above the neck line is considered as a bullish signal.
But how long can we get a safe target?
As with the head and shoulders pattern rules, you can adjust your target calculation using the length between the head and neck level. But surprisingly, this assumption also confirms further strong resistance levels are (18850-18900) area, I mentioned in the previous post.
Moreover, the chart you are seeing now is of Nifty Indices, but in December future chart you cannot see this head and shoulder pattern, instead it is seen as an ascending channel, so the possibility of a downtrend is very high.
